Fact sheet: TR Property IT plc

Fund information
Fund name
TR Property Investment Trust plc
Fund manager company
Thames River Capital (UK)
Fund type
Investment Trust
Fund managers
  • Marcus Phayre-Mudgesince 01/10/2004
Accolades
Fund objective
The investment objective of the trust is to maximise total returns by investing in Pan European equities and UK direct property, focusing on long term capital and income growth.
Benchmark
  • FTSE EPRA/NAREIT Capped Total Return GBP
Investment style
None
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
1/1
Sector
IT Property - Securities
Yield
3%
Fund size
£999m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
115
Mid price
314.8
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
349.3
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-9.88
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
114
Top in this sector
Fund name1 Year
TR Property IT plc10.8%
...more in IT Property - Securities

Performance snapshot

Holdings snapshot

  • UK41%
    Germany22%
    France17.5%
    Sweden10.1%
    Spain6%
  • Retail - Property32.9%
    Offices - Property31.6%
    Residential - Property27.3%
    Industrial - Property14.1%
    Other - Property8.4%
  • International Equities71.1%
    UK Equities34%
    Property9.2%
    Global Fixed Interest-14.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.5%6.7%2.5%10.8%39.7%137.3%
Sector3.7%6.9%2.7%10.7%38.4%110.1%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund5.4%2.3%8.8%29.3%35.7%
Sector5.6%5.5%9.2%21.5%15.9%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.8
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.43
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.96
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.45
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.04
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.81
Price movement
52 week high321
52 week low241.7
Current bid price312.7
Current offer price313.7
Current mid price314.8
Region
1UK41%
2Germany22%
3France17.5%
4Sweden10.1%
5Spain6%
6Switzerland3.6%
7Austria2.5%
8Italy2.3%
9Netherlands1.9%
Industry sector
1Retail - Property32.9%
2Offices - Property31.6%
3Residential - Property27.3%
4Industrial - Property14.1%
5Other - Property8.4%
6Debt-14.3%
Asset type
1International Equities71.1%
2UK Equities34%
3Property9.2%
4Global Fixed Interest-14.3%
Individual holdings
1UNIBAIL-RODAMCO10.9%
2LAND SECURITIES GROUP PLC7.8%
3VONOVIA SE6.5%
4LEG IMMOBILIEN AG6.1%
5KLEPIERRE5.1%
6FONCIERE DES REGIONS3.4%
7GREAT PORTLAND ESTATES PLC2.8%
8SEGRO PLC2.8%
9BUWOG AG2.7%
Management
Fund manager group
No data available.
Fund manager company
Thames River Capital (UK)
Fund type
Investment Trust
Fund objective
The investment objective of the trust is to maximise total returns by investing in Pan European equities and UK direct property, focusing on long term capital and income growth.
Benchmark
  • FTSE EPRA/NAREIT Capped Total Return GBP
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Marcus Phayre-Mudge01/10/2004Marcus Phayre-Mudge joined the firm in October 2004 and is a fund manager and head of our Real Estate Securities team. Prior to joining, Marcus was a partner at Thames River Capital (now part of BMO Global Asset Management). He was at Henderson Global Investors from 1997 to 2004. He manages TR Property Investment Trust, the largest European closed-ended real estate equity Investment Trust as well as co-managing F&C Property Growth & Income Fund (which he launched in 2005) and the F&C Global Real Estate Securities Fund. Prior to joining Henderson, Marcus was an investment surveyor at Knight Frank (1990) and was made an Associate Partner in the fund management division (1995). He qualified as a Chartered Surveyor in 1992 and has a BSc (Hons) in Land Management from Reading University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
TR Property Investment Trust plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price349.3
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJER
TR Property Investment Trust plc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price289.7
CurrencyGBX
Price updated30/03/2007
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTU65
TR Property Investment Trust plc Wts
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price47625
Offer price48062.5
Mid price47843.75
CurrencyGBX
Price updated05/01/2015
Type-
Institutional or retail classRetail
Domicile-
Citi code03A2
Data provided by

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